Financial Results
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Wealth and Asset Management
Tamweel Third-Quarter Profit Doubles as Provisions Decline
Tamweel PJSC, the mortgage company majority owned by Dubai Islamic Bank PJSC, said third-quarter profit doubled as bad-loan provisions fell. Net income for the period surged to 15.7 million dirhams ($4.3 million) from 7.3 million dirhams a year earlier, the Islamic lender said in a statement to the Dubai stock…
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Click here to read the full story: Business Week